"BHP Billiton, has warned that copper output at Escondida, the world's largest single mine, could decline by about 10 to 15 per cent in the current financial year, due to lower ore grades. Leon Westgate of Standard Bank says: "There is no sign the supply situation is likely to improve any time soon and the problems plaguing the mining industry will continue to constrain refined production through 2009."
With much of the world's biggest copper mines located in SOCIALIST countries; where they may confiscate mines at any time, I don;t see how supply fundamentals will change anytime soon. Bell copper is a winner in this space, and its only getting better from here.
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Brian Leeners Addresses the Investment Community
